China's Forex Reserves Plunge to More-Than-Three-Year Low

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

China's foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the rainy-day funds to defend the yuan without triggering a huge flight of capital. The ...

Oil Prices Hold Steady In Line With Dollar

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Biman Mukherji Crude oil prices are holding steady in line with the U.S. dollar, but excess supply will likely keep a lid on gains. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded ...

Old Mutual Sells Rogge Global Partners for Undisclosed Sum

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Ian Walker LONDON--London and Johannesburg-listed financial services firm Old Mutual PLC (OML.LN) said Monday it is selling Rogge Global Partners, a fixed income asset-management business with 24.1 billion pounds ($34.45 billion) of funds under management, to Allianz Global Investors ...

Asian Rubber Futures End Lower on Light Volumes

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Lucy Craymer Tokyo rubber futures fell sharply on low volumes as most markets across Asia were closed for the Lunar New Year holiday. Gu Jiong, an analyst at Yutaka Shoji, said that light volumes across the market were exacerbating ...

China's Central Bank Injects More Cash

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

China's central bank pumped more short-term funds into the country's financial system on Saturday, as a surge in demand for cash ahead of the Lunar New Year holiday is starting to squeeze banks' liquidity. Wary of a potential funding shortage ...

Global Stocks Mostly Steady as Commodities Prices Rise

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Riva Gold Global stocks were mostly steady Monday as rising commodities prices lifted mining shares. Brent crude oil rose 1.5% to $34.55 a barrel, while copper futures also moved higher. Stock futures pointed to a small opening gain for ...

Millicom Sells Congo Business to Orange for $160 Million

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Dominic Chopping STOCKHOLM--Millicom International Cellular S.A. (MIC-SDB.SK) said Monday it has agreed to sell its Tigo business in the Democratic Republic of Congo (DRC) to Orange S.A., for $160 million in cash. Mauricio Ramos, Chief Executive of the Stockholm-listed ...

Groupe Casino Sells Stake In Thai Retailer

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

(FROM THE WALL STREET JOURNAL 2/8/16) By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for 3.1 billion euros ($3.46 billion) to ...

Bank of France Estimates 1Q Growth at +0.4%

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Inti Landauro PARIS--The Bank of France Monday said it estimates French gross domestic product will expand 0.4% in the first quarter of this year as business sentiment in manufacturing industries inched up in January. The Bank of France said ...

DP World Warns of Challenging Times for Global Trade

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

DUBAI?DP World has warned of difficult times ahead for global trade after growth in container volumes handled by its global network of ports slowed sharply last year despite improved activity in Europe and the United Arab Emirates. The volume of ...

Australia and Japan Markets Open Lower

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

Japanese and Australian stock markets opened lower on Monday after a U.S. jobs report added to uncertainty about the U.S. Federal Reserve's pace of rate increases. Japan's benchmark Nikkei was recently down 1.4% and Australia's S&P;/ASX 200 fell 0.4%. Many ...

Total Starts Output at North Sea Laggan-Tormore Gas Project

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Inti Landauro PARIS--French oil major Total SA (TOT) Monday said its Laggan-Tormore natural gas project off the Shetland Islands in the North Sea has started production. The Laggan-Tormore field is a key component of the company's strategy to boost ...

Dollar Up Against Yen on Dip Buying, Nikkei Recovery

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Hiroyuki Kachi The dollar gained against the yen during Asia trade Monday, lifted by dip buying and an improvement in risk sentiment on the recovery by Tokyo stocks. Around 0450 GMT, the dollar rose to Y117.34 from Y116.97 late ...

AXA Buys 8% Stake in Africa Internet Group For EUR75 Million

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Inti Landauro PARIS--French insurance company AXA SA (CS.FR) bought an 8% stake in Africa Internet Group for 75 million euros ($83.7 million) to gain a foothold in the African insurance market. As part of the deal, the Lagos-based company ...

Vinci Buys Australia's Engineering Company J&P Richardson

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

By Inti Landauro PARIS--French construction firm Vinci SA (DG.FR) Monday said it has agreed to buy Australia's engineering firm J&P; Richardson Industries for an undisclosed amount. The acquired company employs 500 workers and generated annual revenue of 85 million euros ...

Coke, Pepsi Thirst For Oil Dividend

TODAY: Feb. 8, 2016 PUB DATE: Feb. 8, 2016

(FROM THE WALL STREET JOURNAL 2/8/16) By Mike Esterl Coca-Cola Co. and PepsiCo Inc. will reveal this week whether Americans are spending more freely on soda and potato chips, as consumers pocket savings at the gas pump. But in reporting ...

Thailand's TCC Group to Buy Groupe Casino's Stake in Big C

TODAY: Feb. 8, 2016 PUB DATE: Feb. 7, 2016

By Nick Kostov in Paris and P.R. Venkat in Singapore Groupe Casino SA has agreed to sell its stake in Thai hypermarket operator Big C Supercenter PLC for EUR3.1 billion ($3.46 billion) to a Thai billionaire, marking a major step ...